The Suncrest Ridge Bulk Condo offering includes 61 unit condo units in the city of Oceanside. The community was fully renovated inside and out in 2006 including new plumbing and electric. Community amenities include gated entry, pet areas, garages, car ports, pool area with fireplace and laundry facility. Interior amenities include vinyl plank flooring, in-unit wash/dryer and most units have front and rear patios, balconies or yards. The package comes with a $13.4M, 3.52% interest only loan maturing in October of 2028.
Contact Eric von Bluecher at 760-929-7846 or firstname.lastname@example.org for more info. DRE 01926201.
This asset of a property is located within a CTAC/HCD High Resource Area just off the 78 freeway with easy access to the I-5 and I-15 freeways, Camp Pendleton, and CSUSM. Investors have the ability to add value by consolidating the remaining 11 condo units (one unit is currently for sale), further renovations and improvements in order in increase rents to market, increasing garage income, implementing RUBS, adding solar, and/or if able to acquire 100% of the complex, refinance with traditional loan and/or sell off each individual unit.